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Management and Cost Accounting (Management & Cost Accounting) Paperback – 13 May 2004

32 customer reviews

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Product details

  • Paperback: 1216 pages
  • Publisher: Cengage Learning EMEA; 6th Revised edition edition (13 May 2004)
  • Language: English
  • ISBN-10: 1844800288
  • ISBN-13: 978-1844800285
  • Product Dimensions: 24.8 x 19.7 x 4.3 cm
  • Average Customer Review: 3.6 out of 5 stars  See all reviews (32 customer reviews)
  • Amazon Bestsellers Rank: 587,402 in Books (See Top 100 in Books)

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PART 1: INTRODUCTION TO MANAGEMENT AND COST ACCOUNTING. An introduction to cost terms and concepts. PART 2: COST ACCUMULATION FOR INVENTORY VALUATION AND PROFIT MEASUREMENT. Cost assignment. Accounting entries for a job costing system. Process costing. Joint and by-product costing. Income effects of alternative cost accumulation systems. PART 3: INFORMATION FOR DECISION-MAKING. Cost-volume-profit analysis. Measuring relevant costs and revenues for decision-making. Activity-based costing. Pricing decisions and profitability analysis. Decision-making under conditions of risk and uncertainty. Capital investment decisions: appraisal methods Capital investment decisions: the input of capital rationing, taxation, inflation and risk PART 4: INFORMATION FOR PLANNING, CONTROL AND PERFORMANCE MEASUREMENT. The budgeting process. Management control. Standard costing and variance analysis 1. Standard costing and variance analysis 2: further aspects. Divisional financial performance measures. Transfer pricing in divisionalized companies. PART 5: COST MANAGEMENT AND STRATEGIC MANAGEMENT ACCOUNTING. Cost management. Strategic management. PART 6: THE APPLICATION OF QUANTITATIVE METHODS TO MANAGEMENT ACCOUNTING. Cost estimation and cost behaviour. Quantitative models for the planning and control of stocks. The application of linear programming to management accounting. --This text refers to an alternate Paperback edition.


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There are many definitions of accounting, but the one that captures the theme of this book is the definition formulated by the American Accounting Association. Read the first page
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Customer Reviews

3.6 out of 5 stars

Most Helpful Customer Reviews

12 of 13 people found the following review helpful By A Customer on 27 Feb. 2002
Format: Paperback
This book covers the whole field so it's not ideal if you need a quick introduction to the subject. But for anyone studying management accounting it provides an excellent resource for learning and testing your skills.
The student's manual is highly recommended too.
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27 of 31 people found the following review helpful By A Customer on 30 Jan. 2002
Format: Paperback
I am a first year accountancy student at the University of Glasgow, and the accompanying textbook for this workbook (Management & Cost Accounting, by Colin Drury) was the prescribed text for my management accounting course. Unfortunately, I found that the main textbook had weaknesses in certain areas, namely the lack of worked solutions to the often very demanding end of chapter questions.
Nevertheless, the student's workbook has proved to be an essential companion to the textbook. It contains a considerable amount of worked solutions to end of chapter questions. These were especially helpful, especially in the areas of the course where I am having difficulty.
I would recommend this book to other accountancy students who are reading the parent textbook and having difficulty in a lot of the areas. However, those students who are not having many difficulties (although there are few of them!) would probably be just as well off without the student's workbook.
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2 of 2 people found the following review helpful By "Lucky Jim" on 16 Oct. 2004
Format: Paperback
This book has it all from process costing to ABC it is simply the bible for management accountants this book changed my life. Sad, I know but you have to admire the author he makes it so clear and readable it really is a delight. I first read similar books by the same author years ago but this is the best, it covers everything you need to know therefore ideal for university degree courses MBA ect. The questions and answers are excellently researched and the use of colour in the text makes a boring subject interesting. It converted me I hope it will do the same for you.
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1 of 1 people found the following review helpful By Faz on 14 Oct. 2013
Format: Paperback
Covers many topics and very simple to understand the concepts. The author did a great job in writing this text book because it was very clear and concise. Great book to use for revision as it has many questions to help you learn and understand what you know. It helped me to be very productive throughout my degree as it was useful to complete my coursework.
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8 of 10 people found the following review helpful By A Customer on 13 Dec. 2000
Format: Paperback
This book is excellent for anyone wishing to study management accounting. The questions at the end of the chapters are incredibly helpful when revising the subject - although not all answers are included in the book.
The chapters all contain worked examples of the subject, but some examples are lenghty and then become difficult to follow.
Overall this is a good book for any budding accounting student!!
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1 of 1 people found the following review helpful By yichun wu on 24 Feb. 2014
Format: Paperback Verified Purchase
The contents are excellent and this book is suitable for graduate and postgraduate students study independently. Highly recommend! Good quality!
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By Beniboy on 25 Oct. 2011
Format: Paperback Verified Purchase
I bought this book as I have recently started an Accounting degree and it was the recommended text. I have been informed that I will use it through my whole course of study so on value I'll have to take the word of my lecturers. I myself have only used so far as reference material for a Management Accounting report but I did find it was very useful and readily accessed/well laid out. The only drawback is it doesn't seem to have as many illustrations and worked examples as other books on the topic.
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1 of 1 people found the following review helpful By JIARONG XU on 2 Nov. 2013
Format: Paperback Verified Purchase
Since I can not find this book in library, it is very useful for my subject. And the price is acceptable.
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